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VKTX

Viking Therapeutics (NASDAQ:VKTX) has significantly outperformed the market with an annualized return of 47.44% over the past 5 years, turning a $1000 investment into $6,941.67 today. The company now has a market capitalization of $8.31 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:30 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped after reporting a year-over-year decline in vehicle production and deliveries for Q1, marking the first such decline since 2020. The decrease was attributed to the early production ramp of the updated Model 3, factory shutdowns due to the Red Sea conflict, and an arson attack at Gigafactory Berlin. Despite these challenges, Tesla achieved its highest quarterly deployment of energy storage products. The company faces pressure from waning demand in the EV industry and a pricing war with competitors. Tesla is set to report Q1 financial results on April 23, with analysts expecting earnings of 60 cents per share on $24.067 billion in revenue.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 2:28 pm

AMD

ASML

AVGO

KLAC

LSCC

NVDA

Semiconductor stocks, including AMD, ASML, AVGO, KLAC, LSCC, NVDA, and ON, are trading lower due to a decline in tech sector strength as Treasury yields increase.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:25 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 2nd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It outlines potential bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for breakouts or reversals. The memo also highlights the importance of staying alert to market changes, with a note on expected volatility due to the JOLTS Job Openings release and Fed speeches.

Portfolio Pulse from RIPS

April 02, 2024 | 2:22 pm

BMEA

JP Morgan analyst Gavin Scott downgrades Biomea Fusion (BMEA) from Overweight to Neutral and lowers the price target from $51 to $14.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:22 pm

BYDDY

TSLA

XIACY

Xiaomi Corporation is entering the EV market, intensifying competition for Tesla Inc. Tesla raised Model Y prices in the US but cut Shanghai production due to competition and slow growth in China. Xiaomi's first EV, the SU7 sedan, received 120,000 pre-orders in 36 hours. Despite a slowdown in China's EV market growth, Xiaomi's entry with a sporty EV priced below Tesla's Model 3 could exacerbate Tesla's challenges. Tesla's vehicle deliveries in China dropped by 6% YoY in the first two months of 2024.

Portfolio Pulse from Upwallstreet

April 02, 2024 | 2:18 pm

MRNA

MYNZ

PFE

Pfizer (PFE) and Moderna (MRNA) experienced a 30% drop in share value post-pandemic but are refocusing on oncology to drive future growth. Pfizer's acquisition of Seagen and product launches aim to offset $17 billion in lost sales, projecting $129 billion in new revenue by decade's end. Moderna, with its sole product being the COVID-19 vaccine, plans to launch up to 15 new products, including a promising RSV vaccine and a melanoma mRNA vaccine developed with Merck. Mainz Biomed (MYNZ) is making strides in cancer prevention with its non-invasive ColoAlert® test and is developing PancAlert for early pancreatic cancer detection.

Portfolio Pulse from Upwallstreet

April 02, 2024 | 2:17 pm

GTLB

GitLab's (NYSE:GTLB) short interest has decreased by 23.99% since the last report, with 3.20 million shares sold short, representing 2.63% of its float. This decline in short interest, which now stands below the peer group average of 4.29%, could indicate a more bullish market sentiment towards GitLab. However, this does not necessarily predict a near-term price increase.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:15 pm

BSX

Boston Scientific (NYSE:BSX) has seen a 21.88% increase in short interest since its last report, with 11.48 million shares sold short, representing 0.78% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 4.09%. The article highlights the importance of tracking short interest as an indicator of market sentiment and suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:15 pm

LDOS

Leidos Holdings (NYSE:LDOS) has seen a decrease in short interest, now at 0.95% of float, lower than its peer group average of 3.34%. This reduction from 965 thousand shares suggests a more bullish market sentiment towards LDOS, with a short covering time of 1.16 days.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:15 pm